http://www.zerohedge.com/article/delaware-ag-joins-cries-foreclosure-freeze-mortgage-meltdown-moves-away-just-judicial-states
Fraud is Fraud!
No matter what state you live in!
And Delaware just proved it!
The populist chorus for a foreclosure freeze is now approaching 100 dB. The latest to join the fray is Delaware AG Beau Biden's, whose office, according to the AP, sent letters Tuesday asking three mortgage lenders to suspend all pending foreclosures until the banks can review their policies. While not all that surprising, this latest move is slightly peculiar as Delaware is not part of the 23 "judicial" states in which GMAC, JPM and BofA have instituted a voluntary foreclosure halt (for an analysis by Barclays of why the judicial states are mostly impacted, for now, click here). Per the AP, "the letter also asks Bank of America Corp., JP Morgan Chase & Co. and Ally Financial Inc. officials to describe their foreclosure review and verification process, and provide copies of Delaware homeowner complaints about the foreclosure process, including concerns about court documents that contained inaccurate information, improper notarization or signatures to Biden's fraud and consumer protection division." Which means that as other AGs follow suit, the foreclosure halt will immediately expand from merely the 23 judicial states to all, especially since as Bloomberg just reported, "JPMorgan, Bank of America face "hydra" of foreclosure probes." We couldn't have coined a better visual if we tried.
More from the AP:
